Massmart achieves best performer status in latest JSE SRI Index
Dec 7th 2011, 10:44
Massmart has been recognised as one of the best performers in the medium environmental impact category of the JSEâ€™s 2011 Socially Responsible Investment (SRI) Index, the results of which were announced yesterday (6 December 2011). According to the results, the group's environmental and climate change practices were recognised as constituting best practice.
Massmart has been a constituent of the SRI index since its inception in 2004. This yearâ€™s index, which measures organisational performance through a set of socially responsible dimensions that include sustainability, environmental, social and governance practices, saw Massmart achieve full marks in the governance and related sustainability concerns dimension, meeting all 32 core indicators as well as all 33 desirable indicators. It also met 92 out of 98 criteria on the social dimension.
Commenting on the groupâ€™s performance, Massmart CEO Grant Pattison said: "During the past six years Massmart has prioritised accountable business practices as a key focus area, as demonstrated by our industry leadership in BBBEE. We are proud of our progress across the various dimensions and look forward to making an even greater contribution towards environmental sustainability, harnessing Walmartâ€™s global leadership in this critical area.â€ť
Massmart achieved best performer status in the SRI in 2007 and 2008.
Makro South Africa awarded for excellence in energy efficiency initiatives
09/12/2013 - 13:31
This week, Makro SA scooped a prestigious eta award for its energy efficient new generation stores at Eskomâ€™s 24th eta Awards ceremony.
Massmart launches Builders Superstore, a new format for the DIY market
05/12/2013 - 11:58
Massmartâ€™s anticipated new format Builders Superstore opened on 29 November 2013 in Gauteng. A total of 58 job opportunities were created with the opening of the two new stores in Tembisa and Evaton. The new format will service customers with homes situated in dense residential, township, rural and developing areas, and will be conveniently located near commuter nodes
Walmart warns of flat festive sales
18/11/2013 - 10:53
Washington - Walmart reported on Thursday a 2.8% year-on-year rise in third-quarter net profit, but warned that sales during the crucial holiday shopping season are expected to be "relatively flat."
First 100% LED-lit Walmart opens, United States
06/11/2013 - 09:37
New York -- The first Walmart to be entirely lit with LEDs has opened, in South Euclid, Ohio, just outside of Cleveland. The store will serve as a model for environmentally friendly design for future locations, with 100% LED lighting, electric vehicle charging stations in the parking lot and more.
Walmart to expand in China with 110 new stores
29/10/2013 - 08:31
Bentonville, Ark. â€“ Wal-Mart Stores plans to open as many as 110 stores in China between 2014 and 2016, as well as several new Samâ€™s Club locations there. The new stores will employ as many as 19,000 people.